William Penn To Merge With And Into Mid Penn Bancorp In An All-stock Transaction Valued At Approximately $127M
Portfolio Pulse from Benzinga Newsdesk
William Penn is set to merge with Mid Penn Bancorp in an all-stock transaction valued at approximately $127 million. The merger will create a combined community banking franchise with significant assets, loans, and deposits. William Penn shareholders will receive 0.4260 shares of Mid Penn for each William Penn share.
November 01, 2024 | 10:03 am
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Mid Penn Bancorp is merging with William Penn in an all-stock transaction valued at $127 million. This merger will significantly increase Mid Penn's assets, loans, and deposits, enhancing its community banking franchise.
The merger with William Penn will expand Mid Penn's asset base and market presence, likely leading to positive investor sentiment and a potential increase in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
William Penn is merging with Mid Penn Bancorp, with its shareholders receiving 0.4260 shares of Mid Penn for each William Penn share. This transaction values William Penn at $127 million.
William Penn shareholders will benefit from the merger by receiving Mid Penn shares, which could lead to a positive short-term impact on William Penn's stock value.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100